Navigation Links
WebMD Announces First Quarter Financial Results
Date:5/6/2008

tion rate securities (ARS) with a face amount of $168.4 million. The types of ARS investments that WebMD owns are backed by student loans, 97% of which are guaranteed under the Federal Family Education Loan Program (FFELP), and all had credit ratings of AAA or Aaa when purchased. Since February, all auctions involving these securities have failed. The result of a failed auction is that these ARS continue to pay interest in accordance with their terms until the next successful auction; however liquidity will be limited until there is a successful auction or until such time as other markets for these ARS investments develop. It is uncertain when other markets will develop. WebMD has determined that the fair value of the ARS as of March 31, 2008 was $141 million. Accordingly, WebMD has recorded an impairment charge of $27.4 million related to a reduction in fair value of the Company's auction rate securities investments for the quarter ended March 31, 2008.

In addition to its ARS investments, WebMD has approximately $160 million in cash and cash equivalents at March 31, 2008.

Merger with HLTH

As previously announced, HLTH and WebMD entered into a definitive merger agreement on February 20, 2008. The agreement provided that HLTH will be merged into WebMD, with each outstanding share of HLTH common stock to be converted into 0.1979 shares of WebMD common stock and $6.89 in cash, subject to certain adjustments. Completion of the merger is conditioned upon, among other things, approval of the stockholders of both HLTH and WebMD. HLTH and WebMD currently expect to file a preliminary proxy statement/prospectus relating to the merger in the next few weeks and believe that would likely allow them to hold stockholder meetings in September to seek those approvals. However, the ability to schedule these meetings will depend on the timing for closing the sales of HLTH's ViPS and Porex businesses, at least one of which must be completed prior to closing the mer
'/>"/>

SOURCE WebMD Health Corp.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Related medicine news :

1. WebMD to Present at the Third Annual Needham & Company Internet & Digital Media Conference
2. WebMD Provides Preliminary First Quarter Results and Updates Financial Guidance for 2008
3. HLTH and WebMD Announce First Quarter Earnings Release Date and Conference Call
4. WebMD to Present at the Morgan Stanley Technology Conference
5. HLTH and WebMD Announce Fourth Quarter Earnings Release Date and Conference Call
6. WebMD to Present at Upcoming Investor Conferences
7. WebMD Reports Preliminary Third Quarter Financial Results
8. HLTH Corporation Announces First Quarter Financial Results
9. U.S. Preventive Medicine Announces Investment Banking Team
10. The Lucian Leape Institute at the National Patient Safety Foundation Announces the Appointment of Two New Members
11. NUCRYST Announces First Quarter 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/1/2015)... 2015 CrossFit Attollo is a CrossFit gym ... a special discount to new members. Now through the ... three month contract will receive their fourth month half off. ... members $440. The three month contract is only $264, ... the fourth month comes in at only $55. The special ...
(Date:2/28/2015)... Portland, OR (PRWEB) February 28, 2015 ... Duncan Fletcher of Game Change ... and Shannon Leinert about the benefits of athlete development ... underscores some of the unique challenges that athletes face ... on-field and future success. , Fletcher became involved in ...
(Date:2/28/2015)... Portland, Oregon (PRWEB) February 28, 2015 ... Portland, Oregon, is offering a new special. Throughout ... denture relines. , This service ... from sleep problems and pain. Patients may notice certain ... and need relining. These symptoms include: , 1.    Pain, ...
(Date:2/28/2015)... NB (PRWEB) February 28, 2015 ... center software suite for Asterisk, are pleased to announce ... highly successful 5.7 and 5.8 versions of Q-Suite, this ... well as a number of new features to the ... Q2 2015. , Q-Suite 5.9 will add features to ...
(Date:2/28/2015)... February 28, 2015 Pioneer Millworks reclaimed ... Japan Architecture & Construction Materials Show, an annual, premier ... than 1,000 suppliers and top manufacturers of the latest ... wood products sourced and manufactured by Pioneer Millworks ... popularity in Japan at restaurants, hotels, retailers, and corporate ...
Breaking Medicine News(10 mins):Health News:CrossFit Gym in Vancouver WA Offers Spring Special 2Health News:SCI TV Covers Athlete Development with Duncan Fletcher 2Health News:SCI TV Covers Athlete Development with Duncan Fletcher 3Health News:Classic Denture Center in Portland Oregon is Offering March Discount 2Health News:Indosoft Proudly Announces Q-Suite 5.9 Call Center Software for Asterisk 2Health News:US Reclaimed Wood from Pioneer Millworks to be Featured at Architecture & Construction Materials Show in Tokyo. 2
... ... retailer of vision care products, is delighted to announce the arrival of their new spring/summer ... Vancouver, ... retailer of vision care products, is delighted to announce the arrival of their new spring/summer ...
... ... are not a problem at Mainstreet Property Group, despite the turbulent economic conditions affecting ... of such development services at an estimated $16.6 million in value. , ... Cicero, Ind. (PRWEB) June 3, ...
... for everyone. One of the most promising solutions is ... worksite wellness solution and created a stand alone program for ... can participate in behavior change programs that improve employee health. ... companies pay more for employee health care than larger companies. ...
... ... to More Distributors in Pennsylvania. LeadConfirm Professional, the first and only non-invasive and oral-based ... health care professionals in Kansas through a wider distribution base. , ... San Diego, CA (Vocus) June 3, ...
... June 3 Dr. Mark E. Schafer, Chief Technology ... expert in ultrasonic technology, recently presented a paper on ... the Acoustical Society of America in Portland, OR. , ... ultrasound, or HIFU, has driven the need for reliable, ...
... HARBIN, China, June 2 /PRNewswire-Asia-FirstCall/ -- China ... Company") (Nasdaq: CSKI ), a leading,fully integrated ... China ("PRC"), today announced that it obtained,approval from the ... the,production of Diclofenac Sodium eye drops. The document number ...
Cached Medicine News:Health News:Clearly Contacts Introduces New Spring Eyewear Lineup 2Health News:Clearly Contacts Introduces New Spring Eyewear Lineup 3Health News:Wall Street Not Affecting Mainstreet Property Group; Group Breaks Ground on Another Senior Care Campus in Lafayette, IN 2Health News:Wall Street Not Affecting Mainstreet Property Group; Group Breaks Ground on Another Senior Care Campus in Lafayette, IN 3Health News:Wall Street Not Affecting Mainstreet Property Group; Group Breaks Ground on Another Senior Care Campus in Lafayette, IN 4Health News:MyWellSteps(TM) Delivers an Important Key to Healthcare Reform - Wellness Programs for Small Businesses 2Health News:Parents In Kansas Can Now Test Their Children For Lead Exposure Using Saliva 2Health News:Parents In Kansas Can Now Test Their Children For Lead Exposure Using Saliva 3Health News:Parents In Kansas Can Now Test Their Children For Lead Exposure Using Saliva 4Health News:Sound Surgical Technologies' Chief Technology Officer Presents Paper on Focused Ultrasound Technology 2Health News:China Sky One Medical, Inc. Obtains SFDA Approval for Diclofenac Sodium Eye Drops 2Health News:China Sky One Medical, Inc. Obtains SFDA Approval for Diclofenac Sodium Eye Drops 3
(Date:2/27/2015)... 27, 2015 /CNW/ - Covalon Technologies Ltd. (the "Company" or ... announced financial results for its first quarter ended December ... ended December 31, 2014, revenue was $1,336,685. Operating expenses ... or $0.02 per share.  Covalon,s President ... very pleased with the significant progress we have made ...
(Date:2/27/2015)... Israel , February 27, 2015 /PRNewswire/ ... baut sein bahnbrechendes Überwachungssystem für kongestive Herzinsuffizienz ... aus -     ... Technologies, die ein neuartiges Herzüberwachungssystem für Patienten ... heute bekannt, dass sie ein Finanzierungsvorhaben über ...
(Date:2/27/2015)... JERUSALEM , Feb. 27, 2015 /PRNewswire/ ... capsules, its lead product for the orphan condition acromegaly, ... E financing round. Participants in the financing included new ... undisclosed blue chip public investment fund, as well as ... Ventures, Abingworth and ARCH Venture Partners. ...
Breaking Medicine Technology:Covalon Announces First Quarter Financial Results 2Covalon Announces First Quarter Financial Results 3Vectorious Medical Technologies schließt Finanzierungsvorhaben über 5 Mio. USD ab 2Chiasma Announces Completion of $70 Million Series E Financing 2Chiasma Announces Completion of $70 Million Series E Financing 3
... YORK, Nov. 9 MISSION Skincare®, the innovative skincare ... Mia Hamm, and other world class athletes, will be ... of more than 5,000 CVS/pharmacy locations across the country ... and sun care products, MISSION and CVS/pharmacy have set ...
... Va., Nov. 9 TessArae® LLC, a global ... of new integrated product solutions for genetic testing ... The combination of TessArae,s expertise in microarray-based ... analysis software enables screening for all targeted mutations ...
Cached Medicine Technology:Glamour Magazine Woman of the Year and MISSION Skincare Co-Founder, Serena Williams, Teams Up with CVS/pharmacy to Launch National 'Active Lifestyle Skincare Destinations' 2Glamour Magazine Woman of the Year and MISSION Skincare Co-Founder, Serena Williams, Teams Up with CVS/pharmacy to Launch National 'Active Lifestyle Skincare Destinations' 3TessArae Delivers Lower Cost Option to Genetic Testing Market 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
Medicine Products: